New Delhi: Central Bureau of Investigation (CBI) on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion (about Rs 45,000 crore), in what local media is calling the country's biggest financial scandal.

MUMBAI: Market regulator Sebi on Tuesday imposed a fine of Rs 7,269 crore on Jaipur-based real estate major PACL, and four directors of the company for illegally mobilising funds through collective investment schemes between September 2013 and June 2014. This is the biggest ever fine by Sebi.

NEW DELHI: The Sahara group's inability to raise Rs 10,000 crore, half in cash and half through bank guarantee, to seek release of its chief Subrata Roy and two directors from jail made the Supreme Court on Monday think aloud about the possibility of appointing a receiver for the group.

KOLKATA: Securities and Exchange Board of India (Sebi) started their probe into Rose Valley's alleged Ponzi schemes when the then state finance secretary, Chanchal Mal Bachhawat, raised the alarm against the group in 2010

MUMBAI: Religare Global Asset Management, part of Religare Enterprises, is working on a plan to build a portfolio of socially relevant assets including hospitals, schools, retail malls and cinema halls that can be listed under a Real Estate Investment Trust

NEW DELHI: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore